On April 8, 2016, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Quantum Fuel Systems Technologies Worldwide, Inc. and its affiliates.
The filing was assigned docket number 117 and is described on the court’s official docket as follows:
Motion For Sale of Property of the Estate under Section 363(b) – No Fee Debtors Motion For Orders In Two Phases: (1) (A) Establishing Bidding Procedures Relating To Sale Of Substantially All Of The Debtors Assets; (B) Approving The Asset Purchase Agreement, Including The Break-Up Fee And Expense Reimbursement, And Douglas Acquisitions, Llc To Serve As The Stalking Horse Bidder, (C) Approving The Form And Manner Of Notice Of Sale, (D) Establishing Procedures For Assumption And Assignment Of Executory Contracts And Unexpired Leases And Noticing And Determining Cure Amounts, (E) Scheduling A Hearing To Authorize The Sale And The Assumption And Assignment Of Certain Executory Contracts And Unexpired Leases, (F) Granting Related Relief; And (2)(A) Authorizing The Sale Of Substantially All Of The Assets Of Debtor Outside The Ordinary Course Of Business, (B) Authorizing The Sale Of Assets Free And Clear Of All Liens, Claims, Encumbrances And Interests, (C) Authorizing The Assumption And Sale And Assignment Of Certain Executory Contracts And Unexpired Leases And (D) Granting Related Relief Filed by Debtor Quantum Fuel Systems Technologies Worldwide, Inc. (Attachments: # 1 Affidavit Declaration of Nishant Machado in Support) (Vilaplana, Victor) (Entered: 04/08/2016)
Quantum Fuel Systems Technologies Worldwide, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 22, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 16-11202. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of Foley & Lardner LLP is acting as lead bankruptcy counsel to Quantum Fuel Systems Technologies Worldwide, Inc. in the bankruptcy case.